Cravath's Spawn - the Wave of Copycats - RUNNING TALLY Forum

[El Pollito]

tag tag tag

[PvblivsScipio]

Obviously this is just conjecture, but do people think lower-tiered big law firms will follow suit in giving a raise in secondary markets? For instance, if my firm pays 130k to new associates, would it have any incentive to raise to 135 or 140 based on what happens with top tier firms?

I think there's some pressure. For example, Manatt recently moved to $160k after being below market for a while. I have to think the pressure came from losing candidates to firms paying market and they ultimately decided they needed to up salary in order to attract desirable candidates. I can speak for myself and say they were out of the equation after CBs based on pay alone. I don't think a firm paying $130k will raise it any time soon, and if they do it will be in the typical increments of $145k, $160k, or now $180k.

[Eldon Tyrell]

Big money, no whammyyyy.

[abitaman6363]

PW confirmed. ATL.

[dailygrind]

No differentiation among the markets for PW, either. We're all going to 180, boys.

[sublime]

..

[Br3v]

Tag

[philosoraptor]

Will be interesting to see what happens in Austin. We have two major types of biglaw firms that compete for two types of associates: traditional Texas firms (e.g., BB, V&E, NRF) and West Coast-style tech-focused firms (e.g., Wilson, DLA, Pillsbury), all of which pay $160K. Andrews Kurth is the only one I can think of that's big in both. Small but very competitive market. I bet neither group needs to match to get good people to Austin, but if one firm in either group moves first, the rest will have to follow or risk their top associates jumping ship. Not sure how much pressure a match in Houston or Dallas would put on Austin firms, but I'm guessing not a lot.

[KM2016]

Someone said in the other thread Cahill matched. Just the messenger.

[jbagelboy]

tag

[Anonymous User]

I bet STB or DPW are crunching numbers to decide whether they will push it to 185k or 190k

[Br3v]

I bet STB or DPW are crunching numbers to decide whether they will push it to 185k or 190k

Would be awesome. If STB did this it would solidify them as the UNDISPUTED PRESTIGIOUS SALARY LEADER

[terpie]

Can we add a date for each firm? For the sake of future generations reconstructing the timeline... Would love to know how fast the process was for the last go-around right now.

[anon919]

Can we add a date for each firm? For the sake of future generations reconstructing the timeline... Would love to know how fast the process was for the last go-around right now.

This.

[Br3v]

We are living in historic times

[PvblivsScipio]

We are living in historic times

"Pop Pop, what were you doing when biglaw got its first raise in almost a decade?"

"Why, I was shitposting on TLS and not studying for the bar."

"Did giving you so much more money make you stay and save up for the house you bought Grannma?"

"lol no you stupid child I was out in 3 years."

[lhanvt13]

We are living in historic times

Born too late to explore the world, Born too early to explore the universe, born just in time for $180k

[Yea All Right]

We are living in historic times

Born too late to explore the world, Born too early to explore the universe, born just in time for $180k

Upvote

[lhanvt13]

We are living in historic times

Born too late to explore the world, Born too early to explore the universe, born just in time for $180k

Upvote

dank

[trbrny]

Someone said in the other thread Cahill matched. Just the messenger.

Added.

[glitched]

I bet STB or DPW are crunching numbers to decide whether they will push it to 185k or 190k

Cravath partners if they push it to 185:

[youtube]Cv808WChuJA[/youtube]

[trbrny]

Can we add a date for each firm? For the sake of future generations reconstructing the timeline... Would love to know how fast the process was for the last go-around right now.

Great idea -- dates have been added.

[androstan]

We are living in historic times

Born too late to explore the world, Born too early to explore the universe, born just in time for $180k

Beautiful.

[El Pollito]

Can we add a date for each firm? For the sake of future generations reconstructing the timeline... Would love to know how fast the process was for the last go-around right now.

Great idea -- dates have been added.

doing the lord's work OP

[cookiejar1]

We are living in historic times

Born too late to explore the world, Born too early to explore the universe, born just in time for $180k

Beautiful.